Brazil’s state-owned energy giant Petrobras has cleared the regulatory hurdle for its planned drilling activities in the Foz do Amazonas Basin, which is located in the northern offshore region of Brazil, near the mouth of the Amazon River.
Following the rejection of its license application in May 2023, Petrobras began discussions with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama), which are said to have allowed for substantial improvement of the project presented, especially concerning the emergency response structure for offshore drilling in the Foz do Amazonas basin.
